Land-based Situational Awareness System Market

Global Land-based Situational Awareness System Market Size (2022 to 2027)

The global land-based situational awareness systems market is expected to grow with a CAGR of more than 4.88% between 2022 and 2027.

The Land-based situational awareness system is a surveillance system used inland to monitor activities and behavior in the surroundings. Sensors, Display systems & Notification Systems are some components used in Land-based situational awareness systems. Sensors play a vital role in land-based situational awareness systems as these sensors can recognize the threat easily from long range. Furthermore, sensors signal the controlling system if it detects any danger or other vehicle. Therefore, sensors and Display & Notification systems will dominate the market as these systems detect the upcoming threat and provide signals, notifications, and images of the threat on the screen. There are different land-based situational awareness systems, including radars, Optronics, command, control, communication, computer, etc. Radars and Optronics are of the land-based situational awareness system due to the increasing adoption of technologically advanced radars and options for providing precise and accurate information about the activities and behavior of the surroundings.

COVID-19 Impact on the global land-based situational awareness system market: 

The COVID-19 outbreak has significantly impacted the Global Land-based Situational Awareness System Market. Pandemic has disrupted the market initially due to supply chain and demand-side disruptions. New projects have stalled throughout the world, which, in turn, has led to a decline in demand for land-based situational awareness systems. The economy shrunk, and the high cost of situational awareness systems has reduced the need for new situational awareness systems. But the impact of COVID-19 on this market is not permanent. Once the situation fades away, there is an increase in production, supply chain, and demand for the land-based situational awareness system.

MARKET DRIVERS:

The primary factors driving the land-based situational awareness system market are rising conflicts, terrorism, border tension, and geopolitical issues. Those Countries like China, India, and Japan are increasing their military capabilities by investing heavily in the procurement and development of modern military equipment. Countries acquire new and advanced armored vehicles with intelligence, surveillance, reconnaissance capabilities, and situational awareness systems. Some countries are also procuring sophisticated situational awareness systems for infantry soldiers. The increasing military expenditure of several countries propels the growth of the land-based situational awareness system market.

Major players' continuous research and development for providing modern technology-based situational awareness equipment. Countries have started making contracts and agreements to procure the latest technology-embedded military equipment for enhancing their arm capabilities. Therefore, contracts and agreements for enhancing military capabilities drive the market's growth in the future. The Unmanned Ground Vehicle is expected to drive the development of the Situational Awareness system as these vehicles offer accurate and precise vision even in adverse weather and can be used throughout the day without any threat of life loss.

MARKET RESTRAINTS:

The land-based situational awareness system includes radars, sensors, cameras, and other components. However, the cost of the advanced surveillance system is high as they provide accurate and real-time information and must be complicated and designed to withstand critical environmental conditions. Owing to these features, the cost of this modern technology surveillance is too expensive, hindering the future growth of the new land-based situational awareness system market.

REPORT COVERAGE:

This research report on the global land-based situation awareness system market has been segmented and sub-segmented into the following categories.

Land-based Situational Awareness System Market - By Component:

• Sensors
• Display & Notification System
• Other Component

Based on the component, the Land-Based Situational Awareness System Market is segmented into Sensors, Display & Notification systems, and Other Components. The Sensor segment is the largest market during the forecast period between 2022 and 2027. Technological advancement is supporting the miniaturization of electronics. This Miniaturization of electronics is catering to the demand for advanced sensors that will help the countries enhance their land-based situational system for detection and threat monitoring. The advanced sensors used in land-based military vehicles enhance visibility and give threat warnings.

Land-based Situational Awareness System Market - By Type:

• Command
• Control
• Communication and Computer
• Radars
• Optronics
• Other

Based on Type, the Land-Based Situational Awareness System Market is segmented into Command, Control, Communication and Computer, Radars, Optronics, and Other. Radars dominate the market due to their high adoption for surveillance in security and monitoring in defense and military applications. At the same time, Optronics is expected to boost the market growth due to the growing demand for visual surveillance data in image or video format.

Land-based Situational Awareness System Market - By Technology:

• Manned System
• Unmanned System

An unmanned system is expected to dominate the market due to the increasing use of Unmanned Ground Vehicles for situational awareness and threat detection. Moreover, the vehicle comprises sensors for the observation of the environment. It either takes autonomous decisions or passes information to the human operator for action for threat.

Land-based Situational Awareness System Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa 

North America held the largest share of the global land-based situational awareness system market in 2021. The United States is the dominant country in this region. The U.S is spending a significant amount on its defense, leading to an increase in the demand for surveillance and monitoring systems in this sector. The presence of major key player and their continuous efforts on innovation and up-gradation of surveillance systems is a fuelling factor in the growth of this market. A strong economy and massive deployment of robust technologies will drive the development of the Land-based situational awareness system market in the future.

The Asia-Pacific region is expected to be the fastest-growing land-based situational awareness systems market during the forecast period between 2022 and 2027. Countries like India, China, South Korea, and Japan are increasing their surveillance and investigation due to border conflicts and geopolitical issues, driving the market's growth in this region. In addition, the government's integration of the advanced system into the armed forces to combat readiness personnel is expected to drive the growth of this market in the future. The increasing awareness and adoption of new technologies are the opportunities that will boost the market's growth in the period between 2022 and 2027. 

Europe is expected to grow significantly in the forecast period as countries like France and Germany are increasing their investment in 1X giraffe technology. 

Latin America and Middle East & Africa expect sustainable growth during this period due to developing infrastructure, increasing the demand for land-based investigation systems shortly.

KEY MARKET PLAYERS:

Some of the leading companies operating in the Global Land-based Situational Awareness System Market are HENSOLDT, Elbit Systems Ltd, BAE Systems PLC, Raytheon Technologies Corporation, Limpid Armor, Petards Group PLC, Kappa Optronics GmbH, Opgal Optronic Industries Ltd, Safran SA, Thales Group, Leonardo S.p.A., Indra Sistemas, S.A. and L3Harris Technologies, Inc.

Raytheon Technologies Corporation is a global leading manufacturer and supplier and has the largest share of the world's Land-based Situational Awareness System in terms of sales revenue.

RECENT MARKET DEVELOPMENTS:

• In November 2021, HENSOLDT expanded the performance of MUSS (Multifunctional Self-Protection System) to MUSS 2.0 for an armored vehicle to detect and ward off additional new emerging threats. MUSS 2.0 has optimized in size, weight, and several assemblies. In addition, "MUSS 2.0" will also detect second-generation laser rangefinders in the future.
• In November 2021, Thales launched the next level of surveillance, "Ground Master 400 ALPHA," to the Ground Master Family. It is an unprecedented 3D long-range air surveillance radar with five times more processing power. Its range has extended to 10% (515km). It offers armed forces a valuable tool to gain a deliberate advantage by detecting all types of threats early and provides precious minutes for decision making and action.